CITIC Securities: Looking ahead to the second half of the year, the real estate industry will develop new targeted models to effectively alleviate structural supply and demand imbalances.

The report from CITIC Securities stated that since the beginning of this year, the momentum of consumption recovery is obvious, with stable growth in manufacturing and infrastructure investment, as well as strong resilience in exports. The "three engines" of the economy are all showing positive changes, and it is expected that the economic growth rate in the second quarter will reach over 5%, laying a solid foundation for achieving the annual target. Looking ahead to the second half of the year, the new development model of real estate will more targetedly alleviate structural supply and demand mismatches, and stable foreign trade policies will continue to be implemented. Against the backdrop of a global economic slowdown and increasing uncertainty in geopolitics and trade frictions, this will inject more certainty into China's economy.